But their trajectory and direction have been largely influenced by politics and the political leadership's understanding of how the economy needs to be managed, explains A K Bhattacharya.
Home Minister P Chidambaram on Monday expressed confidence that the economy would register a very satisfactory growth, although there may be a temporary slowdown.
With the National Democratic Alliance government nudging some governors appointed by the previous United Progressive Alliance government regime to demit office, the Congress on Friday said Centre should leave it to the governors to decide whether to continue in their posts or resign.
When it comes to running between the wickets -- which is exactly what an FM and a governor do -- Jadeja always defers to Dhoni's larger judgement of the situation and the needs of the team, observes T C A Srinivasa-Raghavan.
Excise duty cut can halve current inventory in 2 months, with major manufacturers promising to pass on benefit.
Senior Congress leader P Chidambaram on Friday dismissed Finance Minister Arun Jaitleys' remarks that disclosure of the names of black money account holders can embarrass Congress amid speculation that the list could include a former United Progressive Alliance minister.
P Chidambaram said to be able to play a meaningful role in the global governance, the G-20 agenda should be sharper and focused only on those issues on which it can make a distinctive contribution, particularly, on economic and financial matters.
It was study in contrast between mother and son in the Lok Sabha on Thursday.
Referring to visible indicators of green shoots, the finance minister said the forex reserve is at an all time high and the stock market is upbeat.
Chidambaram said banks have been asked to strictly adhere to the norms on gold imports.
An Inter-ministerial panel had last month approved 10 per cent equity sale in Coal India. At present, the government holds 90 per cent stake in the firm.
Complimenting external affairs minister Pranab Mukherjee, who also holds the charge of finance ministry, for the budget, Chidambaram said, "He (Mukherjee) had before him an unenviable task having to present an interim budget at the end of a difficult year caused by a global financial crisis.
The Supreme Court on Wednesday granted bail to Chidambaram, a senior Congress leader, in the INX Media money laundering case registered by the Enforcement Directorate.
"The news report published in the Indian Express (external link) today comprehensively exposes the fake controversy created by the NDA government on the two affidavits filed by the Central government in the Ishrat Jahan case," Chidambaram said in statement.
P Chidambaram on Saturday wondered whether the Modi government "deserves" Raghuram Rajan
While no government notification or order appointing Gaur as chairman has been made public so far, sources in the know said the appointment has been cleared.
The finance minister could well be on her way to setting a record of achieving the biggest single-year reduction in the government's fiscal deficit, explains A K Bhattacharya.
The government on Friday lowered its economic growth forecast.
Nearly three years after the hanging of Afzal Guru, Congress leader P Chidambaram said that he felt it was possible that the case was "perhaps not correctly decided".
CBDT stated the searches were on a group based at Chennai and Tiruchirappalli, strictly in line with the Income Tax Act
Even though the NIA claims that more than 90 per cent of cases charge-sheeted have ended in conviction, the figure is likely misleading. To date, very few cases investigated by the NIA have resulted in a completed trial, points out former CBI joint director Navneet Rajan Wasan.
'Modi had not discussed demonetization with me prior to his announcement on 8 November 2016. 'I learnt of it along with the rest of the country. 'I was not surprised when he did not discuss the issue with me prior to making the public announcement. 'It fitted in with his style of making dramatic announcements.' A fascinating excerpt from Pranab Mukherjee's The Presidential Years: 2012-2017.
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The minister, who will also be meeting foreign institutional investors whose money is key to funding CAD in the afternoon, did not speak to reporters waiting outside.
This week, the finance minister will complete a year in his latest stint.
Uttam Ghosh offers his take on the dismal state of the Indian economy and the terrifying rise in COVID-19 infections with each passing day.
Karti was arrested on February 28 by the Central Bureau of Investigation on his return from the United Kingdom, and his 12-day judicial custody was to expire on Saturday in the case.
The government on Thursday doubled the financial powers of the finance and defence ministers to facilitate faster clearance of projects, particularly those related to defence acquisitions.
'Neither farmers nor farm labourers will benefit from these jumla announcements of the finance minister'
DEA Secretary Arvind Mayaram is also expected to attend the event.
Every Budget proposal must be carefully evaluated and people should not be impressed by any last minute bonanza after suffering for four years, says Former Finance Minister Yashwant Sinha.
In the backdrop of a furore created by the prime minister's former media advisor Sanjaya Baru's book, Finance Minister P Chidambaram in an exclusive interview to CNN-IBN, said that Dr Manmohan Singh is reticent, withdrawn and shy by nature.
Prime Minister Singh has assigned a senior Congress leader to placate the President, who is upset with Finance Minister P Chidambaram, reports Anita Katyal.
The MPs suspended on Tuesday include National Conference's Farooq Abdullah and Congress leaders Shashi Tharoor and Manish Tewari.
The Congress, however, downplayed it saying the party did not want to involve its senior leaders in the issue.
Expressing happiness over the growth of the banking sector in the last 10 years, Finance Minister P Chidambaram today described it as a great achievement of the United Progressive Alliance rule.
Addressing bankers and economists at Bancon 2013, a flagship event of the Indian Banks' Association, Chidambaram told the lenders to deal firmly with wilful defaulters, but handhold those who are reeling under the impact of the economic slowdown.
The controversial note on the 2G spectrum allocation by the finance ministry, which created a storm by suggestion that the then finance minister P Chidambram could have prevented the scam by enforcing the spectrum auction, was drafted after consultation with the Prime Minister's Office and officials of the cabinet secretariat.
Market regulator Securities and Exchange Board of India would be doing away with different procedures and avenues for many categories.
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